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Also serving Kovai
Coimbatore's small industries borrow against gold, machines and receivables from a dense network of local financiers; loan management software brings schedules, collections and accounts under one roof.
Official ERPNext Partner · 100+ ERP projects · Since 2011
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Photo: Thamizhpparithi Maari · CC BY-SA 4.0, cropped · via Wikimedia Commons
Trusted by 200+ organisations across India & overseas — including
Interest worked out on a calculator and disputed at closure
Accrual by the product's rules, penal charges applied, statement explained line by line
Pledged gold packets recorded once in a register
Collateral per loan with appraisal, storage location and release history
Collections known only when the agent returns at day end
Receipts recorded on a phone at the spot, the account updated at once
Where there are thousands of small factories, there is a constant need for working capital, and Coimbatore has a long tradition of meeting it locally. Finance companies, nidhis, chit-linked lenders and gold loan counters operate from Gandhipuram to Pollachi, lending to powerloom owners, machine shop proprietors, traders and salaried mill workers. Many still run on a loan register, a day book and a collection agent's notebook.
Our loan and lending management software, built on ERPNext, handles loan products, applications and KYC, sanction workflows, disbursal, EMI schedules, interest and penalty accrual, collateral records, field collection on mobile, and overdue and NPA reporting. Every transaction posts to the accounts automatically. For a Kovai lender, the books and the loan ledger stop being two separate truths.
Case studies
MultiWealth Capital
MultiWealth Capital — ERPNext Cut Loan Processing Time by 60%
Adventure Sports Cover 360 (ASC360)
ASC360 — ERPNext + Mobile App Cut Policy Issuance Time 70%
Dumas Bakes N Meals Private Limited
Dumas Bakes N Meals — ERPNext Lifted On-Time Deliveries by Over 40%
An example
A collection agent for a finance company sets out from Pollachi on a Tuesday morning along the Kinathukadavu road, visiting powerloom owners and a coconut trader. At each stop he records the receipt on his phone, the borrower gets an acknowledgement on WhatsApp, and the loan account in the branch updates while he is still on the road. At the gold loan counter in Karamadai, a customer renews a loan; the appraiser's weight and purity are on the packet record, the interest to date is computed by the product's rule, and the new schedule prints without a calculator. In the head office in the city, the manager sees the day's overdue list by branch, the loans due for a reminder message, and the vault reconciliation for each counter, all before the agent has returned.
We deliver lending systems to Coimbatore institutions from Kochi, beginning with a close reading of your loan products, since every lender's rules differ in the detail. Configuration and data migration of live loans are done remotely and verified against your registers loan by loan. We visit for branch staff training and for the cutover days, when old and new balances must be proved equal.
Discovery. Your loan products, interest methods, collection routine and reporting.
Blueprint and fixed scope. A clear plan, the deliverables and the timeline, agreed in writing before configuration starts.
Configuration. Loan products, schedules, disbursement, repayment, collections and the books behind them.
Data migration. Borrowers and running loans with their schedules and outstanding balances.
Training, go-live and support. Your team tests on real data, we stand beside you at launch, then support continues under a plan.
The scope and timeline are agreed in writing before work starts.
Gold loan and jewellery-backed lending
Loan-to-value rules, packet-wise collateral records, bullet and monthly interest schemes, renewal and auction workflows with notices, and branch-wise vault reconciliation.
MSME and machinery finance
Term loans to engineering units for machine tools and equipment, with hypothecation details, moratorium periods, insurance tracking, and schedules that follow the borrower's cash cycle.
Vehicle and consumer finance
Dealer-originated applications for two-wheelers, goods vehicles and domestic appliances, document capture, quick sanction routing, EMI reminders and repossession case tracking.
Yes. It scales down well. A single-branch lender can run loan products, collections and accounts with a few users. As branches are added, each gets its own cash, vault and portfolio view, while the head office sees the consolidated position.
It produces overdue ageing, NPA classification, provisioning, interest income and portfolio statements from live data. Report formats vary by the type of institution, so we map your specific returns during discovery and build any that are not standard.
Yes. Reminders before the due date and follow-ups after a missed instalment can go by SMS or WhatsApp, in Tamil or English. For Kovai lenders with many small-ticket borrowers, this alone reduces the routine calling that collection staff do.
After a first conversation about your loan products, branches and the volume of running loans, we agree the scope and send you a written quotation. The price, the deliverables and the timeline are fixed against that scope before any work starts, so nothing grows without your sign-off.
You speak to someone who does this work, not a call centre. They ask about your loan products, how collections run and what you use today. If it looks like a fit, we agree the scope and put it in writing, with the timeline, before any work starts. If it does not, we tell you.
Pollachi Municipalitylocal body
The market town's financiers lend against coconut trade cycles and to powerloom owners; schedules must follow seasonal cash, and field collections cover the surrounding villages.
Source: coimbatore.nic.inKaramadai Municipalitylocal body
A municipal town on the Mettupalayam road whose gold-loan counters and nidhis serve mill workers and farmers; packet-wise collateral records and renewals are daily work.
Source: coimbatore.nic.inGudalur Municipalitylocal body
A small municipal town near Pollachi where single-branch lenders serve traders and farmers; the system must scale down to one branch and a few users.
Source: coimbatore.nic.inPlaces and organisations are named for local context only. Acube Innovations is not affiliated with or endorsed by them.
Get a clear plan, an honest timeline, and a fixed scope. Talk to a real expert today — whether or not you work with us.
or write to info@acube.co
Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011